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No new wins (or losses!) but I’ve got a bunch of new positions opened on the pairs I’m watching for the SMA Crossover Pullback strategy. Take a look!

But if this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.

EUR/USD just made a new downward crossover and it took some time before a stochastic pullback signal to short materialized.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Cable already had a downward crossover last time I checked, and it looks like sellers are gaining more traction after this short pullback signal. Price has dropped low enough to have the trailing stop activated!

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

As for EUR/JPY, this pair had another rough one in the previous update but seems to be establishing a clearer trend, too. Keeping my fingers crossed that it won’t get caught up in choppiness again.

EUR/JPY 4-hour Forex Chart
EUR/JPY 4-hour Forex Chart

Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Feb. 13, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.2275 1.2425 1.1975 Open
GBP/USD Short 1.3960 1.4110 1.3660 Open
EUR/JPY Short 133.75 135.25 130.75 Open

It seems to me there’s a general trend in the markets these days as risk sentiment has been the main driver of price action for the most part. With that, the open positions are all somewhat correlated and banking on a continuation of risk-off flows.

This suggests that either all positions manage to catch some pips or wind up as losers. Oh, scratch that…. Cable already has its trailing stop locking in profits along the way, so I’m not all that worried.

In other robot news, have y’all seen this neat video of my cousin learning to open doors over at Boston Dynamics? Proud uncle right here!

ICYMI, check out the system’s performance for Q4 2017 and how Happy Pip is faring with her brand-new Happy Hunter Trading System.